• One of the thickest intersections to date within 500m of the mill
• Infill drilling underway to upgrade more of the resource to support restart studies
• Drilling defines further wide breccia zones and high-grade vein structures at Appaloosa

Andean Silver Limited (ASX: ASL, OTCQX: ADSLF) is pleased to announce strong drilling results which continue to extend the known mineralization at its Cerro Bayo Silver-Gold Project in Chile. An accelerated drilling program at the Laguna Verde Mine Complex this quarter aims to grow the current Cerro Bayo Mineral Resource Estimate of 9.8Mt @ 353g/t AgEq for 111 Moz AgEq and upgrade further resources to the Measured and Indicated categories. Drilling at the Appaloosa target defines further wide breccia zones as well as controlling high-grade vein structures, with results including 46.4m @ 219g/t AgEq. Drilling at the Temer Vein complex continues to define multiple new veins within the hangingwall structures as well as consistently intercepting the mineralized main shoot, with results up to 0.8m @ 4,131g/t AgEq. Infill drilling is underway at Laguna Verde with the aim of converting more Inferred Resources to the Measured and Indicated categories to support the current and future restart study work.

Andean's strategy for 2026 will include continued brownfields exploration for growth of existing Resources, greenfields exploration and discovery, and commencement of feasibility-level work to support the potential restart of the Cerro Bayo project.